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  • William Maley
    William Maley

    Mitsubishi Announces New Strategic Plan, 11 New Models

      Don't expect Nissan to help out in the U.S. however.


    Mitsubishi has unveiled a new three-year strategic plan called 'Drive for Growth'. The Japanese automaker wants to increase unit sales and revenue by 30 percent - about 1.3 million vehicles sold in the case of the former. It also plans on improving profit margins from 0.3 to 6 percent. To pull this off, Mitsubishi will be working on reducing costs in development and manufacturing, along with investing $5.3 billion for new products and revamping key markets.

    In terms of products, Mitsubishi is planning on launching 11 new and redesigned models over next three years. For the U.S., this means the Outlander PHEV and upcoming Eclipse Cross. The U.S. will also see Mitsubishi work on improving their dealer network.

    "We will re-energize our dealership network. We are reviewing our incentive plans, both to attract new dealers and to encourage existing ones to achieve better sales," said Trevor Mann, COO of Mitsubishi Motors.

    The goal is to see a 30 percent increase in sales to 130,000 vehicles by the 2019 fiscal year.

    For other markets, this is what Mitsubishi is planning,

    • For Southeast Asia (Mitsubishi's largest and most profitable marketplace), a new assembly plant in Indonesia and the launch of Xpander multi-purpose vehicle
    • The focus in Japan is revitalizing their mini-car business after the fuel economy manipulation scandal
    • China will see an expansion in dealers with the goal to sell 220,000 vehicles by 2019

    There will be one thing the U.S. will be missing out from Mitsubishi. It was expected that the tie-up with Nissan that begun last year would provide some help for the U.S. But according to Automotive News, Mitsubishi will be going on its own for this region. There are three reasons for this; antitrust concerns between the two companies, vehicles using common engines and platforms not being ready, and Mitsubishi wanting to build the brand back up on their own strengths.

    Source: Mitsubishi Motors, Automotive News (Subscription Required)
    Press Release is on Page 2


    MITSUBISHI MOTORS LAUNCHES ‘DRIVE FOR GROWTH’ PLAN TO INCREASE VOLUMES, REVENUES AND PROFITABILITY

    • Three-year plan targets more than 30 percent increase in unit sales and revenues
    • Operating profit margin to reach 6 percent or more
    • Capital expenditure and R&D investment to increase to more than 600 billion yen over the three-year period
    • Product renewal to accelerate with launch of six new models including Eclipse Cross SUV
    • Market expansion planned in ASEAN, US and China

    TOKYO, Japan – Mitsubishi Motors today launched "Drive for Growth," a three-year strategic plan to deliver sustained and profitable growth, targeting an increase of more than 30% in both annual unit sales to 1.3 million vehicles and in revenues to 2.5 trillion yen.

    Under the plan, Mitsubishi Motors aims to achieve an operating profit margin of 6% or more by the end of fiscal 2019, up from 0.3% in fiscal 2016. The plan combines a product renewal program with targeted market expansion and operating efficiency improvements.

    Osamu Masuko, Mitsubishi Motors chief executive, said: "Drive for Growth is a new roadmap for Mitsubishi Motors. We will rebuild trust in our company as our highest priority, successfully launch new vehicles, and achieve a V-shaped financial recovery. These will be the foundations for our future sustainable growth, which will involve increased capital expenditure and product development spending."

    The Drive for Growth plan involves a 60% increase in annual capital expenditure to 137 billion yen in fiscal 2019 – lifting spending as a proportion of sales to 5.5% a year. R&D expenses will rise by 50% to 133 billion yen over the same period. In total, this will amount to more than 600 billion yen in investments. Even with these increases, Mitsubishi Motors will maintain financial discipline and generate positive free cash flow during the period. The company intends to establish a competitive dividend policy comparable to those of other Japanese automotive manufacturers. 

    As part of its investment drive, Mitsubishi Motors plans to strengthen its four-wheel drive SUVs and pick-ups, and to launch 11 models including the XPANDER and Eclipse Cross. The product renewal program will coincide with a market expansion drive in the ASEAN region, Oceania, United States, China and Japan.

    Mr. Masuko said: "This is an ambitious program to maximize our strengths in growing product segments, especially four-wheel drive, and to pursue growth in markets where our brand has strong potential, particularly the ASEAN region. This growth program will also involve an efficient and disciplined operating structure as we continue to manage costs."

    Under Drive for Growth, Mitsubishi Motors is targeting a market share of 10% in ASEAN. Sales activities will be reinforced in the US. The company's presence in China will be strengthened with the introduction of models such as the Outlander and Eclipse Cross. And the company will invest in its sales network and product portfolio to return to profitability in Japan by the end of the plan.

    The strategic plan is based on three strategic initiatives:

    1. Product renewal: During the period of the plan, Mitsubishi Motors will launch 11 new models, of which six will be entirely new model changes – averaging two each year – while the remainder will be important updates of existing vehicles. By the end of the plan, the company expects its five best-selling global models consisting of SUV, 4WD, and plug-in hybrid electric vehicles (PHEV) to account for 70% of total sales volume. Reflecting the shift to lower emission models, the company also announced that it plans to provide electrified solutions across its core model range including an EV kei car from 2020.
    2. Focus on core markets to drive revenue growth: This year's opening of a new assembly plant in Indonesia, and the recent launch of the XPANDER multi-purpose vehicle, will drive the growth of the ASEAN business, the group's largest and most profitable operation. ASEAN volumes are expected to rise from 206,000 units a year to 310,000 units a year in 2019. Mitsubishi Motors will also launch new models to assist the turnaround of its important mini-car business in Japan. In the US, the company will improve its dealership networks, targeting a 30% increase in unit sales to 130,000 units in fiscal 2019. In China, Mitsubishi Motors will double the number of dealerships and more than double sales to 220,000 units in fiscal 2019. 
    3. Cost Optimization: Mitsubishi Motors will tightly manage production costs, with a target to reduce monozukuri costs by 1.3% per year, in spite of large investments in R&D. Alongside cost management, the company will benefit from growing synergies from its membership of the Renault-Nissan-Mitsubishi alliance. Mitsubishi Motors is seeking synergies totaling more than 100 billion yen over the course of the plan, with the bulk of these to come from efficiencies in procurement and costs avoided in R&D. 

    Mitsubishi Motors will contribute its expertise in PHEV technology, its capabilities in SUVs and pick-ups, and market strengths in the ASEAN region to the wider synergy program of the Alliance, which aims to double annualized synergies to more than 10 billion euros by the end of 2022.

    "We are refreshing our product line-up, investing in R&D and targeting core market growth," added Mr. Masuko. "Drive for Growth will enable us to continue the transformation of the company over the next three years."

    Edited by William Maley

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    mitsu's design language sucks - it's plasti-tacky and overwrought, like they hired the one pontiac designer with a japanese tattoo and thinning ponytail who owns ecchi novels stickier than the rice he makes every meal.

    • Haha 3
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    15 minutes ago, Stew said:

    Get ready for the Galant Crossover, the diamante 3 row crossover, the Lancer small crossover with an Evo variant.  Okay, maybe not, but I hate they called their crossover Eclipse. 

    Maybe they will do a largish square crossover called Montero. 

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    6 hours ago, Cubical-aka-Moltar said:

    Maybe they will do a largish square crossover called Montero. 

    That could work.  Don't they still make the off-road worthy Monteros for other markets?

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    1 minute ago, Stew said:

    That could work.  Don't they still make the off-road worthy Monteros for other markets?

    Yes..updated version of the 2006 generation...called Pajero, Shogun or Montero depending on the market.

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    3 minutes ago, Cubical-aka-Moltar said:

    Yes..updated version of the 2006 generation...called Pajero, Shogun or Montero depending on the market.

    I liked the TV series ShoGun, would be great to have a bad ass SUV call

    Mitsubishi ShoGun

    The UK version is pretty cool!

     

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    13 hours ago, ocnblu said:

    Anything made by Mitsubishi after the Plymouth Fire Arrow is complete crap.

    These were far from crap (unfortunately most of their other product was)

    big_thumb_a71265a4b1ebd6f96882099360c2b3

    233740.jpg

    2006_mitsubishi_montero_4dr-suv_limited_

     

    Edited by ykX
    • Haha 1
    • Upvote 3
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    16 hours ago, dfelt said:

    I liked the TV series ShoGun, would be great to have a bad ass SUV call

    Mitsubishi ShoGun

    The UK version is pretty cool!

     

    We need this here. 

    Mitsu used to be an interesting company with interesting products.  Now they are, who knows what. 

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    25 minutes ago, ykX said:

    I disagree, they were not.  My friend has Montero Sport, great truck

    Then your friend was lucky because most of them turned to $h! after 60-80K. Their horrible resale value reflected this.

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      Proven services like the flexible PIVOTAL subscription model (which has grown 750% during the fiscal year), born out of Jaguar Land Rover’s incubator and investor arm, InMotion, will now be rolled out to other markets following a successful launch in the UK.
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      ReFocus to a more agile operation
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      Driving this transformation is the recently launched Refocus programme, by consolidating existing initiatives like Charge+ with new cross-functional activities.
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      “We have so many ingredients from within. It is a unique opportunity,” said Mr Bolloré. “Others have to rely solely on external partnerships and compromise, but we have frictionless access that will allow us to lean forward with confidence and at speed.”
      Bringing all these ingredients together, Jaguar Land Rover is on a path towards double-digit EBIT margins and positive cash flow, with an ambition to achieve positive cash net-of-debt by 2025. 
      Ultimately, Jaguar Land Rover aims to be one of the most profitable luxury manufacturers in the world.
      Mr N Chandrasekaran, Chairman of Tata Sons, Tata Motors and Jaguar Land Rover Automotive plc commented: “The Reimagine strategy takes Jaguar Land Rover on a significant path of acceleration in harmony with the vision and sustainability priorities of the wider Tata Group. Together, we will help Jaguar realise its potential, reinforce Land Rover’s timeless appeal and collectively become a symbol of a truly responsible business for its customers, society and the planet.”
      Mr Bolloré concluded: “As a human-centred company, we can, and will, move much faster and with clear purpose of not just reimagining modern luxury but defining it for two distinct brands. Brands that present emotionally unique designs, pieces of art if you like, but all with connected technologies and responsible materials that collectively set new standards in ownership. We are reimagining a new modern luxury by design.”
    • By William Maley
      I felt very mixed when I reviewed the Mitsubishi Outlander last year, There was a lot to like about the crossover, but the list of negatives pushed me towards recommending it if you could find one at a good price. How would I feel when I drove the Outlander PHEV? Spoiler: About the same.
      (Author's Note: If you're looking for thoughts on the interior, I will direct you to my Mitsubishi Outlander review from last year as the PHEV shares all of the positives and negatives from the standard model.)
      Not much is different from the standard Outlander I drove last year to the PHEV except for the various hybrid badging around the vehicle, and additional fuel filler door on the rear passenger-side fender housing the charging outlets. The hybrid system is comprised of 60kW electric motors mounted on each axle providing 80 horsepower. The motors draw their power from a 12 kWh lithium-ion battery. A 2.0L inline-four acts as the generator for the battery and can power the wheels in certain situations. Total output stands at 190 hp. The driver has three different drive modes for which the Outlander can operate. EV which makes the Outlander PHEV only run electric power; Battery Save which turns on the engine to power the wheels to save charge; and Battery Charge where the generator charges up the battery. Most of my week, I found myself using Battery Save and Charge when driving on the freeway. Around town, it was left in EV or automatic mode. When the Outlander PHEV is running on electric power only, it provides enough grunt to get out of the way of traffic when leaving a green light. But begin to climb in speed and you realize this isn’t a quick car. Despite the instantaneous torque, the Outlander PHEV does take its time getting up to speed. Some of this can be attributed to the curb weight of 4,222 lbs.  Not helping is when the engine comes on to charge/power the wheels. When the engine is put under a load, it sounds very harsh and under a lot of stress. EPA figures for the Outlander PHEV are 74 MPGe (electric and gas combined) and 25 MPG (gas only combined). My average for the week landed around 35 MPGe, which is well under the EPA figure. But I will cut it a fair amount of slack as it arrived during one of the coldest weeks Michigan experienced. For electric-only range, Mitsubishi claims 22 miles. I saw between 16-18 miles which isn’t bad considering the cold temps. On recharging, Mitsubishi says that the Outlander PHEV takes about 13 hours when plugged into 120V/8A outlet, or 8 hours for a 120V/12V outlet. In my testing with 120V charging, it took about 8 hours to fully charge a depleted battery. The Outlander PHEV feels at home on long stretches of road where it shows off one of its strongest attributes, a smooth ride. On some of the roughest roads in Metro Detroit, the Outlander glided over them like it was nothing. On a winding road, the Outlander PHEV feels slightly out of its depth partly due to very num steering. What is surprising is that the PHEV doesn’t have as much body roll as the standard model when put into a corner. I feel conflicted on the 2020 Outlander PHEV as on the surface, it is a pretty competent crossover with the ability to run on electric power only. But the gas engine needs a bit of NVH work and performance could be slightly better. Also, it has several issues that I talked about in the previous Outlander. The final nail is the price; $43,600 for the top-line GT seen here. Yes, it does qualify for a federal tax credit of almost $6,000 that drops the price to under $38,000. But that still a fair amount of money for what is an old crossover.  If you can find one at a decent price, around $35,000 or less, then I would say take a closer look at it. Otherwise, wait to see Ford and Toyota’s entrants into the PHEV crossover market.  
      Disclaimer: Mitsubishi Provided the Outlander PHEV, Insurance, and One Tank of Gas
      Year: 2020
      Make: Mitsubishi
      Model: Outlander PHEV
      Trim: GT
      Engine: 60kW Electric Motors (Front and Rear Axles), 2.0L MIVEC DOHC 16-Valve Four-Cylinder
      Driveline: Single Speed Reduction Gearbox (Front & Rear), All-Wheel Drive
      Horsepower @ RPM: 80 @ 0 (Electric), 117 @ 4,500 (Gas),  190 (Total)
      Torque @ RPM: 101 @ 0 (Front Electric Motor), 144 @ 0 (Rear Electric Motor), 137 @ 4,500 (Gas)
      Fuel Economy: MPGe/Gasoline Combined - 74/25
      Curb Weight: 4,222 lbs
      Location of Manufacture: Okazaki, Japan
      Base Price: $41,495
      As Tested Price: $43,600 (Includes $1,095.00 Destination Charge)
      Options:
      GT Premium Interior Package - $400.00
      Pearl White Paint - $395.00
      Carpeted Floor Mats and Portfolio - $145.00
      Charging Cable Storage Bag - $70.00

      View full article
    • By William Maley
      I felt very mixed when I reviewed the Mitsubishi Outlander last year, There was a lot to like about the crossover, but the list of negatives pushed me towards recommending it if you could find one at a good price. How would I feel when I drove the Outlander PHEV? Spoiler: About the same.
      (Author's Note: If you're looking for thoughts on the interior, I will direct you to my Mitsubishi Outlander review from last year as the PHEV shares all of the positives and negatives from the standard model.)
      Not much is different from the standard Outlander I drove last year to the PHEV except for the various hybrid badging around the vehicle, and additional fuel filler door on the rear passenger-side fender housing the charging outlets. The hybrid system is comprised of 60kW electric motors mounted on each axle providing 80 horsepower. The motors draw their power from a 12 kWh lithium-ion battery. A 2.0L inline-four acts as the generator for the battery and can power the wheels in certain situations. Total output stands at 190 hp. The driver has three different drive modes for which the Outlander can operate. EV which makes the Outlander PHEV only run electric power; Battery Save which turns on the engine to power the wheels to save charge; and Battery Charge where the generator charges up the battery. Most of my week, I found myself using Battery Save and Charge when driving on the freeway. Around town, it was left in EV or automatic mode. When the Outlander PHEV is running on electric power only, it provides enough grunt to get out of the way of traffic when leaving a green light. But begin to climb in speed and you realize this isn’t a quick car. Despite the instantaneous torque, the Outlander PHEV does take its time getting up to speed. Some of this can be attributed to the curb weight of 4,222 lbs.  Not helping is when the engine comes on to charge/power the wheels. When the engine is put under a load, it sounds very harsh and under a lot of stress. EPA figures for the Outlander PHEV are 74 MPGe (electric and gas combined) and 25 MPG (gas only combined). My average for the week landed around 35 MPGe, which is well under the EPA figure. But I will cut it a fair amount of slack as it arrived during one of the coldest weeks Michigan experienced. For electric-only range, Mitsubishi claims 22 miles. I saw between 16-18 miles which isn’t bad considering the cold temps. On recharging, Mitsubishi says that the Outlander PHEV takes about 13 hours when plugged into 120V/8A outlet, or 8 hours for a 120V/12V outlet. In my testing with 120V charging, it took about 8 hours to fully charge a depleted battery. The Outlander PHEV feels at home on long stretches of road where it shows off one of its strongest attributes, a smooth ride. On some of the roughest roads in Metro Detroit, the Outlander glided over them like it was nothing. On a winding road, the Outlander PHEV feels slightly out of its depth partly due to very num steering. What is surprising is that the PHEV doesn’t have as much body roll as the standard model when put into a corner. I feel conflicted on the 2020 Outlander PHEV as on the surface, it is a pretty competent crossover with the ability to run on electric power only. But the gas engine needs a bit of NVH work and performance could be slightly better. Also, it has several issues that I talked about in the previous Outlander. The final nail is the price; $43,600 for the top-line GT seen here. Yes, it does qualify for a federal tax credit of almost $6,000 that drops the price to under $38,000. But that still a fair amount of money for what is an old crossover.  If you can find one at a decent price, around $35,000 or less, then I would say take a closer look at it. Otherwise, wait to see Ford and Toyota’s entrants into the PHEV crossover market.  
      Disclaimer: Mitsubishi Provided the Outlander PHEV, Insurance, and One Tank of Gas
      Year: 2020
      Make: Mitsubishi
      Model: Outlander PHEV
      Trim: GT
      Engine: 60kW Electric Motors (Front and Rear Axles), 2.0L MIVEC DOHC 16-Valve Four-Cylinder
      Driveline: Single Speed Reduction Gearbox (Front & Rear), All-Wheel Drive
      Horsepower @ RPM: 80 @ 0 (Electric), 117 @ 4,500 (Gas),  190 (Total)
      Torque @ RPM: 101 @ 0 (Front Electric Motor), 144 @ 0 (Rear Electric Motor), 137 @ 4,500 (Gas)
      Fuel Economy: MPGe/Gasoline Combined - 74/25
      Curb Weight: 4,222 lbs
      Location of Manufacture: Okazaki, Japan
      Base Price: $41,495
      As Tested Price: $43,600 (Includes $1,095.00 Destination Charge)
      Options:
      GT Premium Interior Package - $400.00
      Pearl White Paint - $395.00
      Carpeted Floor Mats and Portfolio - $145.00
      Charging Cable Storage Bag - $70.00
    • By William Maley
      On Wednesday, General Motors invited a number of media to their tech center in Warren, MI for their EV Day event. The company is making a big bet on electric vehicles with 11 new vehicles rolling out by 2025, featuring a new electric modular platform and battery tech. Here's what we know.
      Third-Generation Electric Vehicle Platform
      Underpinning this massive push is GM's new third-generation EV platform (BEV3). The new platform was designed to provide flexibility for different vehicle types - ranging from compact cars to pickup trucks. Battery packs are designed to be mounted beneath the passenger compartment to allow for a lower center of gravity. This results in more passenger room and improved handling. The platform also allows for different drive configurations - front, rear, or all-wheel drive - depending on the vehicle.
      Ultium Battery Technology
      Providing the electric power for these new models is what GM calls Ultium batteries. Working together with its battery partner LG Chem, the Ultium batteries are large-format, pouch-style cells that can either be stacked vertically or horizontally in packs. This will allow more flexibility for engineers to design battery packs for vehicles.
      More important is the chemistry of the batteries. GM has reduced the amount Cobalt - an element used in the making of batteries that is becoming harder to find and expensive - by seventy percent. Instead, the batteries are using aluminum. This will hopefully bring down the price of the battery packs.
      Battery capacity will range from 50 to 200 kilowatt hours - giving a projected max range of 400 miles depending on the vehicle. Level II and DC fast-charging are both supported.
      The Vehicles
      At the event, GM had 10 vehicles on display and one shown via digital renderings. The current plan is to start launching the new models beginning later this year.
      Updated Chevrolet Bolt: The first vehicle to be launched in this offensive. It will get an updated interior with a more premium dash. Chevrolet Bolt EUV: The crossover-variant of the Bolt, it is about five-inches longer and rides on a wheelbase that has been stretched by three inches. An updated roofline reportedly eliminates the small front windows on the Bolt. The EUV will also be the first model outside of Cadillac to get Super Cruise. Chevrolet Midsize Crossover: About the same size as the Blazer, this model has an aggressive design and features a low roofline. A pair of 18-inch multimedia displays dominate the interior. Chevrolet Full-Size Truck: This was the model only shown in digital renderings according to those who were at the event. It will complement the Silverado and be aimed at those who want something to be used on a job site - not like the upcoming GMC Hummer Truck or Rivian which are aimed more at lifestyle folks. This model is expected to arrive in 2025. Buick Crossover and SUV: These two models didn't have a name and were wearing a design that was described by the Detroit Free Press as a "vaguely European look".  GMC Hummer Truck: This will only be available in a crew-cab configuration with a five-foot bed. The design will be utilitarian and boxy. Inside, two large screens will serve as the instrument cluster and infotainment system. Don't expect any leather as many of materials used inside will be made from recycled materials. The truck will also have removable roof panels (like the Jeep Wrangler, that can be stored in the front trunk. GMC Hummer SUV: Basically the same as the truck, albeit using a shorter wheelbase. Cadillac Lyriq: We have seen teasers of this model last year and Cadillac dropped another this week showing off the silhouette - reminding us some crossovers from Jaguar and Porsche. The vehicle is wide and rides on 23-inch wheels. Size-wise, it is similar to the XT5. The interior boasts a 34-inch-wide high-def screen and seating for four, though the production model may have seating for five. Cadillac Celestiq: A new four-door flagship sedan that has a long front end and a fastback rear according to those who saw the clay model. It will be hand-built and carry a six-figure pricetag. Cadillac Large SUV: About the size of an Escalade, it be complementary vehicle to it. The model will have a more traditional design than the other Cadillac EVs. Inside, it will boast large screens up front and three-rows of seating. Source: Roadshow, Detroit Free Press, The Drive, General Motors
      Press Release is on Page 2


      GM Reveals New Ultium Batteries and a Flexible Global Platform to Rapidly Grow its EV Portfolio
      WARREN, Mich. – Starting today, General Motors Co. (NYSE: GM) is gathering hundreds of employees, dealers, investors, analysts, media and policymakers to share details of its strategy to grow the company’s electric vehicle (EV) sales quickly, efficiently and profitably.
      “Our team accepted the challenge to transform product development at GM and position our company for an all-electric future,” said Mary Barra, GM chairman and CEO. “What we have done is build a multi-brand, multi-segment EV strategy with economies of scale that rival our full-size truck business with much less complexity and even more flexibility.”
      The heart of GM’s strategy is a modular propulsion system and a highly flexible, third-generation global EV platform powered by proprietary Ultium batteries. They will allow the company to compete for nearly every customer in the market today, whether they are looking for affordable transportation, a luxury experience, work trucks or a high-performance machine.
      “Thousands of GM scientists, engineers and designers are working to execute an historic reinvention of the company,” said GM President Mark Reuss. “They are on the cusp of delivering a profitable EV business that can satisfy millions of customers.”
      Ultium Batteries and Propulsion System Highlights
      GM’s new Ultium batteries are unique in the industry because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. This allows engineers to optimize battery energy storage and layout for each vehicle design. Ultium energy options range from 50 to 200 kWh, which could enable a GM-estimated range up to 400 miles or more on a full charge with 0 to 60 mph acceleration as low as 3 seconds. Motors designed in-house will support front-wheel drive, rear-wheel drive, all-wheel drive and performance all-wheel drive applications. Ultium-powered EVs are designed for Level 2 and DC fast charging. Most will have 400-volt battery packs and up to 200 kW fast-charging capability while our truck platform will have 800-volt battery packs and 350 kW fast-charging capability. GM’s flexible, modular approach to EV development will drive significant economies of scale and create new revenue opportunities, including: 
      Continuous Improvement in Battery Costs: GM’s joint venture with LG Chem will drive battery cell costs below $100/kWh. The cells use a proprietary low cobalt chemistry and ongoing technological and manufacturing breakthroughs will drive costs even lower. Flexibility: GM’s all-new global platform is flexible enough to build a wide range of trucks, SUVs, crossovers, cars and commercial vehicles with outstanding design, performance, packaging, range and affordability. Capital Efficiency: GM can spend less capital to scale its EV business because it is able to leverage existing property, including land, buildings, tools and production equipment such as body shops and paint shops. Complexity Reduction: The vehicle and propulsion systems were designed together to minimize complexity and part counts beyond today’s EVs, which are less complex than conventional vehicles powered by internal combustion engines. For example, GM plans 19 different battery and drive unit configurations initially, compared with 550 internal combustion powertrain combinations available today. Rising Customer Acceptance: Third-party forecasters expect U.S. EV volumes to more than double from 2025 to 2030 to about 3 million units on average. GM believes volumes could be materially higher as more EVs are launched in popular segments, charging networks grow and the total cost of ownership to consumers continues to fall. New Sources of Revenue: By vertically integrating the manufacture of battery cells, the company can reach beyond its own fleet and license technology to others. The first generation of GM’s future EV program will be profitable. The initial programs will pave the way for further accretive growth. GM’s technology can be scaled to meet customer demand much higher than the more than 1 million global sales the company expects mid-decade.
      Upcoming Launches and Reveals
      Chevrolet, Cadillac, GMC and Buick will all be launching new EVs starting this year. The next new Chevrolet EV will be a new version of the Bolt EV, launching in late 2020, followed by the 2022 Bolt EUV, launching Summer 2021. The Bolt EUV will be the first vehicle outside of the Cadillac brand to feature Super Cruise, the industry's first true hands-free driving technology for the highway, which GM will expand to 22 vehicles by 2023, including 10 by next year.
      The Cruise Origin, a self-driving, electric shared vehicle, shown to the public in January 2020 in San Francisco, was the first product revealed using GM’s third generation EV platform and Ultium batteries. Next will be the Cadillac Lyriq luxury SUV in April. Details about its launch will be shared then. The reveal of the Ultium-powered GMC HUMMER EV will follow on May 20. Production is expected to begin in Fall 2021 at GM’s Detroit-Hamtramck assembly plant, GM’s first assembly plant 100 percent dedicated to EV production.

      View full article
  • Posts

    • I think as we move towards EV's just like GM has their connect and cruise motor, transmission and electrical harness with CPU that allows someone to update an old ICE auto with a modern power train, GM has committed to having connect and cruise EV conversion kits with choice of battery packs.  I can see Yamaha doing the same thing and if not, a 3rd party company that will bundle the motor/controller with a battery pack and wiring for those that want to convert an auto to electrical.
    • While we keep hearing this, I have a hard time believing they will pass ANY of those savings to the consumer. 
    • The Yamaha would be last on my "want" list but I'd have to at least give it a thorough look before actually crossing it off.  Yep, anything European is going to be a little pricier to repair/maintain but they just have so much more character than Japanese bikes. I'd sacrifice the money for what the European bikes offer, even if they're slower around a track or in a straight line. I'm not good enough to care about that stuff and I'm not buying a supersport anyway. A Streetfighter would be pretty much THE top of the list but I know if I was buying, it wouldn't be that price bracket. Then again, it would be tough to turn down a Speed Triple so I'd have to look at those two closely. the Streetfighter might actually be too sporty than what I'd want.  And, in all honesty, your bike would be high on the to-ride list if my price range would be higher as well.  Naked and sporty are my sweet spot.
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